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509 Mount Hood St
The Dalles, OR 97058
2-Tenant Retail | Walgreen Shadow Anchored · Retail Property For Sale
Investment Highlights
- 100% Occupied | Strong Tenant Line-Up | Below Market Rent
- Walgreen Anchored Center | Dense Retail Corridor | Across to Safeway & Fred Meyer Centers
- Excellent Visibility and Access | Quick Access to Interstate-84 (20,400 VPD)
- Strong Demographics In 5-Mile Trade Area
Executive Summary
• The offering features a 2-tenant retail building fully leased to Mod Pizza and The Dalles Treatment Center
• Tenants are currently paying far below market rents in The Dalles market
• Opportunity to increase NOI through mark to market and converting to NNN leases
• Tenants are currently paying far below market rents in The Dalles market
• Opportunity to increase NOI through mark to market and converting to NNN leases
Property Facts
Sale Type
Investment
Property Type
Building Size
5,500 SF
Building Class
B
Year Built
2005
Price
$2,573,000
Price Per SF
$467.82
Cap Rate
6.50%
NOI
$167,271
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.17
Lot Size
0.76 AC
Opportunity Zone
Yes
Zoning
CG - General Commercial
Parking
23 Spaces (4.18 Spaces per 1,000 SF Leased)
Amenities
- Dedicated Turn Lane
- Freeway Visibility
- Pylon Sign
- Restaurant
- Signage
Property Taxes
| Parcel Number | 04927 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $1,164,389 |
Property Taxes
Parcel Number
04927
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$1,164,389
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